Steam and super-heated water boilers market in Spain

Earlier Report Observations

From 2018 to 2020, production of steam and super-heated water boilers in Spain showed mixed dynamics. In 2018, the market was supported by major manufacturers like Cerney and state-owned SINCAL, alongside strict regulatory standards for safety and operation. Production rose to 150 million USD in 2019, driven by Cerney's international expansion, including a project in Greece, and legislation facilitating exports through ASME certification. However, domestic market volume fell to 108 million USD as exports surged. In 2020, production dropped to 118 million USD and the market contracted sharply to 52 million USD, partly due to the COVID-19 pandemic, despite the emergence of new segments such as electric and biomass boilers.

Trade in boilers experienced significant volatility from 2021 to 2024. In 2021, imports and exports declined to 25 million USD and 29 million USD respectively, impacted by COVID-19 supply chain disruptions. The energy crisis and rising natural gas prices in 2022 boosted demand for energy-efficient boilers, helping exports recover to 65 million USD and imports to 37 million USD. After a dip in 2023, both indicators rose again in 2024, with imports reaching 42 million USD and exports 59 million USD.

Production steam and super-heated water boilers in Spain

In value, 2017-2020, M $ US

In 2020, Spain's output of steam and super-heated water boilers was valued at 117.6 million US dollars, marking a 21.8% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 17.4%, which translates to an average annual decline of 6.2%. The highest value was recorded in 2019 at 150.3 million US dollars, with the largest year-on-year increase of 20.3% also occurring that year.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

Exports steam and super-heated water boilers from Spain

Exports in kind, t

The market for steam and super-heated water boilers showed significant volatility during these years. In 2018, export volumes hit their lowest point at 2 123 tonnes, while the peak was reached in 2017, resulting in a 3.2-fold difference between these extremes. By 2020, exports from Spain totaled 5 789 tonnes, representing a notable decrease of 10.2% compared to 2019. The sharpest decline occurred in 2018 at 68.8%, whereas the largest increase was recorded in 2019 with a surge of 203.8%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Spain's export portfolio for steam and super-heated water boilers was quite diverse. The top three destinations—Peru (10.3% of export volumes), Mexico (8.4%), and France (7.4%)—collectively accounted for just 26.1% of total flows, highlighting a broad distribution across multiple partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

Market behavior was marked by volatility during this period. In 2018, export values bottomed out at 24.9 million US dollars, while they peaked in 2020 at 103.3 million US dollars, showing a 4.2-fold difference. The 2020 figure reflected a 20.6% increase from 2019. The most significant decline was in 2018 at 59.9%, whereas the largest rise occurred in 2019 with a jump of 244.7%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

Between 2017 and 2020, France (36.6% of export value), Ukraine (5.1%), and Peru (4.9%) were among the leading buyers of steam and super-heated water boilers from Spain. However, even combined, they represented only 46.6% of total export value, indicating a highly diversified partner base.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports steam and super-heated water boilers to Spain

Imports in kind, t

Spain's imports of steam and super-heated water boilers grew for the third consecutive year in 2020, reaching 3 350 tonnes—a 1.8% increase from the prior year. Over the full period from 2017 to 2020, imports rose by 43.9%, averaging an annual growth rate of 12.9%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, Italy (23.0% of import volumes), Germany (21.0%), and France (16.7%) were the primary suppliers of steam and super-heated water boilers to Spain. Together, these three countries accounted for 60.7% of total import volumes.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

After two years of growth, Spain's imports of steam and super-heated water boilers declined in 2020, totaling 37.8 million US dollars—a 13.5% drop from the previous year. Despite this recent decrease, imports increased by 83.1% over the 2017-2020 period, with an average annual growth rate of 22.3%. The highest value was recorded in 2019 at 43.7 million US dollars, and the largest increase occurred in 2018 at 53.4%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

Throughout 2017-2020, Germany (22.9% of import value), Italy (18.2%), and France (12.8%) formed the core group of suppliers for Spain's imports of steam and super-heated water boilers. Collectively, they represented 53.9% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020